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Lenawee 49230
565 TIMBER LN
$275,000
● House - Off Market

565 TIMBER LN

Brooklyn, MI 49230
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,789 Ft²
$321,762
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Tranquil and Serene setting for this surprisingly affordable Lakefront Home at the end of a cul-de-sac in the Heart of the Irish Hills on private no wake Timber Lake (just west of Wampler's Lake).  Beauty and nature abound beyond the large lakeside deck (with retractable awning) and yard with mature trees and 100' of lake frontage.  Neat, clean, well maintained home with 3 Bedrooms, 3 Baths, and yes 3 Fireplaces (2 gas, 1 wood), plenty of closets and storage, laundry on BOTH levels, walkout basement, 2-1/2 car garage plus an extra little vinyl lakeside storage shed.  You will feel yourself unwind and relax the moment you arrive at your new year-round or seasonal lake home. Immediate possession available so 1st Come 1st Served to make it your 1st full summer at the lake.
Unit Size
1,789 Ft²
Days on Market
32 days
Land Size
0.46 acres
Price per sqft
$154
Property Type
House
Property Taxes
$238
HOA Dues
$10
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 months ago (MichRIC MLS #21096084)

Price History

Date / Event Date Event Price
Jul 13, 2021 Sold
Premium
Sold
May 28, 2021 Listed by RE/MAX MID-MICHIGAN-BROOKLYN $275,000
Listed by RE/MAX MID-MICHIGAN-BROOKLYN
Feb 6, 1997 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 988
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERLANE
  • Land Acres: 0000000460
  • Standard Land Use Code: 1000
  • County Land Use Code: 408
  • Legal Description 1: LOT 17 TIMBERLANE.

Neighborhood

  • School District Name: Columbia School District
  • School Tax School District: SCH: 38040
  • Census Tract: 060302

Zoning

  • Zoning: RE

Geography

  • District: CA0
  • Parcel: CA0-720-0170-00
  • Lot: 17
  • Municipality: CAMBRIDGE TWP
  • Latitude: 42.0729
  • Longitude: -84.1823

    Address

  • Full Address: 565 Timber Ln
  • Address - House Number: 565
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R003
  • 4-Digit Zip Code: 9313
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $596,329

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 67
  • Final Value: 304,241
  • High Value: 374,567
  • Low Value: 233,914

    Market Valuation

  • Market Total Value: $273,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $136,900

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jul 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 06, 1997
  • Previous Sale Contract Date: Feb 06, 1997
  • Previous Sale Amount: $118,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lenawee

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1989 ft²

Average Home Age

67.8 years

Currently For Sale

86 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: LARRY WETHERBY, RE/MAX MID-MICHIGAN-BROOKLYN
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 21096084
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 565 Timber Lane built and last sold?
The property at 565 Timber Lane was built in 1974 and last sold on Jun 25, 2021 for $275,000.
How much is this home worth?
The estimated value of the home located at 565 Timber Lane is $0.
What are some comparable homes to 565 Timber Lane?
There are currently no comparable homes to 565 Timber Lane.
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